MultiBank Group
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Quick Verdict
Reviewed by FX Advisor Pro Research Team · Last checked August 2026
MultiBank Group is a large multi-entity broker with licences listed in many countries and a wide product range, but public feedback is split: independent reviewers rate it well, while Trustpilot withholds its TrustScore and WikiFX scores it 1.69 out of 10 with a frequent-complaints warning. Check which legal entity your account would be with, read the bonus terms before accepting any bonus, and try a small withdrawal early.
Pros
- Standard account opens from $50, with a swap-free (Islamic) account available
- Three account types: Standard (1.5 pips, no commission), Pro (from 0.8 pips) and ECN (from 0.0 pips)
- Entities listed with several regulators, including ASIC, CySEC, BaFin and MAS
- MT4 and MT5 plus social/copy trading; deposits by card, bank transfer and crypto (BTC, USDT)
Cons
- Trustpilot shows no TrustScore for the company and reports of delayed or blocked withdrawals are frequent
- WikiFX score is 1.69 out of 10, with 'frequent complaints' and 'offshore regulation' tags
- Which regulator protects you depends on the entity your account is with; much international business runs through BVI, Cayman and Vanuatu entities
- The broker's own risk warning says you can lose more than you deposit
- $60 monthly inactivity fee after 90 days without trading (per ForexBrokers.com and CompareForexBrokers)
- High minimum deposits for Pro ($1,000) and ECN ($10,000)
Regulatory Status & Safety
MultiBank Group is a group of separate companies. Its website lists a Dubai head office and, by country: MEX Markets (Australia, ASIC), MEX Europe Ltd (Cyprus, CySEC), MEX Asset Management (Germany, BaFin; Austria, FMA), MEX Global Markets (Singapore, MAS), MEX Global Financial Services (UAE, CMA), and offshore entities in the Cayman Islands (MEX Atlantic Corporation, CIMA), the British Virgin Islands (MultiBank FX International, FSC) and Vanuatu (MEX Pacific, VFSC), plus others in Mauritius, Seychelles, India and China. The site says it has '18+' regulators but lists 15. Third-party listings give the ASIC licence number as 416279 (issued 2012). Which regulator and which protections apply depends on the entity in your account agreement: according to CompareForexBrokers, Australian and EU retail clients are held to 30:1 leverage on major pairs, while the 1:1000 leverage the group advertises is offered through the offshore entities. The licences above are as listed by MultiBank, WikiFX and other reviewers and have not been checked on the regulators' own registers, so confirm the exact entity and licence number before you deposit. WikiFX marks some of the group's licences as revoked, unverified or anomalous (it names DFSA, CIMA and Seychelles).
Trading Conditions
| Execution Model | ECN / no dealing desk on ECN accounts; some entities hold market-maker licences |
|---|---|
| Spreads (EUR/USD) | Standard: from 1.5 pips. Pro: from 0.8 pips. ECN: from 0.0 pips (all from MultiBank's own website). BrokerChooser measured 0.6 on EURUSD and 0.6 on GBPUSD (units not stated). |
| Commission Structure | Standard and Pro: no commission. ECN: the broker's website does not state the commission; ForexBrokers.com (2025) reported about $3 per lot round turn, CompareForexBrokers (2026) lists $6 per lot, about $7 round turn. Confirm the current figure in a live account. |
| Swap / Islamic Accounts | A swap-free (Islamic) account is available: the broker's site links a Swap-Free Trading Account Agreement and BrokerChooser confirms the account type. Swap rates for other accounts are not published in the sources we read. |
| Min. Deposit & Leverage | $50 · 1:1000 |
User Reviews & Public Reputation
Trustpilot shows about 1,800 reviews for MultiBank Group (82% five-star, 11% one-star), but no TrustScore: the page says the company's rating is unavailable due to a breach of Trustpilot's guidelines, and that Trustpilot removed a number of fake reviews for the company. Positive reviews praise support staff and smooth deposits and withdrawals. Negative reviews describe withdrawals delayed, held or blocked (sometimes citing 'bonus abuse' or compliance checks), reduced balances, restricted accounts and claims of unauthorised trades; the company replies to most recent reviews with templated messages. WikiFX scores the broker 1.69 out of 10 (October 2026), tags it 'Frequent Complaints' and 'High Potential Risk', and lists it on its complaint blacklist; its articles cite more than 600 user complaints in a three-month window, which are individual allegations that we have not verified. Independent reviewers are more positive: BrokerChooser rates it 4.3 out of 5 and CompareForexBrokers 80.3 out of 100, though CompareForexBrokers' own review log lists register checks and deposit and withdrawal tests as not done. We have not tested deposits or withdrawals ourselves.
Deposits, Withdrawals & Fees
Deposits: credit and debit cards and local online payment channels (instant), bank and wire transfers (1-3 business days according to CompareForexBrokers), SEPA transfers within the Eurozone (minimum 250 euro), and crypto from your own wallet (BTC, USDT on ERC20 or TRC20). BrokerChooser also lists e-wallets such as Neteller and Skrill, depending on country. BrokerChooser and CompareForexBrokers report no internal deposit or withdrawal fees, though your bank or provider may charge. An inactivity fee of $60 a month applies after 90 days without trading. Client money is said to be held separately from company money in tier-1 banks, and MEX Atlantic clients are covered by a Lloyd's of London policy of up to $1,000,000 per account (the broker's statements, not independently checked). The site we read does not mention negative balance protection.
Red Flags & Controversies
1) Trustpilot withholds the company's rating for a breach of its guidelines and says it removed fake reviews. 2) WikiFX gives a low score, lists the group on its complaint blacklist and reports many withdrawal complaints, including clients in Malaysia who say they had under 14 days to close positions after the group left that market (individual allegations, not verified). 3) Bonuses: the site advertises a 25% deposit bonus, and some complaints say profits were cancelled for 'bonus abuse', so read the bonus terms first. 4) The broker's own risk warning says losses can exceed your deposit. 5) Regulatory history: in 2021 the Dubai regulator DFSA warned that introducing brokers falsely said certain MultiBank entities were DFSA-authorised, and in 2022 it said MEX Australia Pty Ltd had voluntarily withdrawn its DFSA licence; Spain's CNMV removed the group's authorisation in early 2022 after it chose to stop serving Spain; WikiFX also reports later CNMV and AMF (France) warnings about unauthorised websites using the name. In November 2024 the DFSA fined a marketing firm, Vedas, USD 100,000 for unauthorised promotions of the group and said it made no allegations against the group itself. In March 2026 BaFin warned about mexassetexchange.com, which posed as part of MultiBank Group and appears to have no tie to it, so only use the group's own website. 6) Marketing claims such as '2M+ clients' and '80+ awards' come from the broker and are not independently verified.
Safety & Regulation
Platforms & Funding
Trading Platforms
Funding Methods
Questions about MultiBank Group?
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Frequently Asked Questions about MultiBank Group
What is the minimum deposit to open an account with MultiBank Group?
MultiBank Group's minimum deposit is $50. Minimums can vary by account type, so confirm the exact figure for the specific account you're opening on MultiBank Group's own site before funding.
How does leverage work at MultiBank Group?
MultiBank Group offers leverage up to 1:1000. Leverage lets you control a larger position than your deposit alone would allow, but it magnifies losses as well as gains — higher leverage means a smaller adverse price move can wipe out a larger share of your margin. See our full guide to leverage and margin for how this actually plays out.
Is MultiBank Group a regulated broker?
Yes — MultiBank Group is regulated by ASIC (Australia), CySEC (Cyprus), BaFin (Germany), MAS (Singapore), CMA (UAE), FSC (British Virgin Islands, offshore), CIMA (Cayman Islands, offshore), VFSC (Vanuatu, offshore). Always verify the current license status directly on the relevant regulator's public register before depositing, since broker licensing can change.
What trading platforms does MultiBank Group support?
MultiBank Group supports MT4, MT5, MB Trader (web), Social Trading.
What are MultiBank Group's typical spreads?
Standard: from 1.5 pips. Pro: from 0.8 pips. ECN: from 0.0 pips (all from MultiBank's own website). BrokerChooser measured 0.6 on EURUSD and 0.6 on GBPUSD (units not stated).
Does MultiBank Group accept cryptocurrency deposits?
Yes — based on our research, MultiBank Group accepts cryptocurrency as a funding method.
What is a pip, and how does it affect trading costs at MultiBank Group?
A pip is typically the smallest standard price move in a currency pair — usually the fourth decimal place (0.0001). With MultiBank Group's spreads from 0.0 Pips, that cost is deducted the moment you open a trade, before it's moved in your favor at all. See our full guide to pips and spreads for the mechanics.